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Side-by-side financial comparison of BELLRING BRANDS, INC. (BRBR) and FLOWERS FOODS INC (FLO). Click either name above to swap in a different company.
FLOWERS FOODS INC is the larger business by last-quarter revenue ($1.2B vs $537.3M, roughly 2.3× BELLRING BRANDS, INC.). BELLRING BRANDS, INC. runs the higher net margin — 8.1% vs 3.2%, a 4.9% gap on every dollar of revenue. On growth, FLOWERS FOODS INC posted the faster year-over-year revenue change (3.0% vs 0.8%). FLOWERS FOODS INC produced more free cash flow last quarter ($30.4M vs $-7.3M). Over the past eight quarters, FLOWERS FOODS INC's revenue compounded faster (4.2% CAGR vs 4.2%).
Bellring Brands, Inc. develops, manufactures and sells high-quality protein and functional nutritional products including ready-to-drink shakes, protein bars, powders and snacks. Its core brands Premier Protein, Dymatize and PowerBar serve health-conscious consumers and fitness enthusiasts across North America via retail, e-commerce and specialty channels.
Flowers Foods, headquartered in Thomasville, Georgia, is a producer and marketer of packaged bakery foods in the United States. The company operates 44 bakeries across 19 states that produce a variety of products, including bread, buns, rolls, snack cakes, pastries, and tortillas. As of February 2013, Flowers Foods had grown to be the "second-largest baking company in the United States."
BRBR vs FLO — Head-to-Head
Income Statement — Q1 2026 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $537.3M | $1.2B |
| Net Profit | $43.7M | $39.5M |
| Gross Margin | 29.9% | — |
| Operating Margin | 14.6% | 5.4% |
| Net Margin | 8.1% | 3.2% |
| Revenue YoY | 0.8% | 3.0% |
| Net Profit YoY | -43.2% | -39.2% |
| EPS (diluted) | $0.36 | $0.19 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $537.3M | $1.2B | ||
| Q3 25 | $648.2M | $1.2B | ||
| Q2 25 | $547.5M | $1.6B | ||
| Q1 25 | $588.0M | — | ||
| Q4 24 | $532.9M | $1.2B | ||
| Q3 24 | $555.8M | $1.2B | ||
| Q2 24 | $515.4M | $1.6B | ||
| Q1 24 | $494.6M | — |
| Q4 25 | $43.7M | $39.5M | ||
| Q3 25 | $59.6M | $58.4M | ||
| Q2 25 | $21.0M | $53.0M | ||
| Q1 25 | $58.7M | — | ||
| Q4 24 | $76.9M | $65.0M | ||
| Q3 24 | $71.7M | $67.0M | ||
| Q2 24 | $73.7M | $73.0M | ||
| Q1 24 | $57.2M | — |
| Q4 25 | 29.9% | — | ||
| Q3 25 | 28.9% | — | ||
| Q2 25 | 35.4% | — | ||
| Q1 25 | 32.3% | — | ||
| Q4 24 | 37.5% | — | ||
| Q3 24 | 36.9% | — | ||
| Q2 24 | 36.8% | — | ||
| Q1 24 | 33.2% | — |
| Q4 25 | 14.6% | 5.4% | ||
| Q3 25 | 15.8% | 7.5% | ||
| Q2 25 | 8.2% | 5.5% | ||
| Q1 25 | 16.2% | — | ||
| Q4 24 | 21.6% | 7.6% | ||
| Q3 24 | 20.2% | 7.8% | ||
| Q2 24 | 21.7% | 6.4% | ||
| Q1 24 | 18.4% | — |
| Q4 25 | 8.1% | 3.2% | ||
| Q3 25 | 9.2% | 4.7% | ||
| Q2 25 | 3.8% | 3.4% | ||
| Q1 25 | 10.0% | — | ||
| Q4 24 | 14.4% | 5.5% | ||
| Q3 24 | 12.9% | 5.5% | ||
| Q2 24 | 14.3% | 4.6% | ||
| Q1 24 | 11.6% | — |
| Q4 25 | $0.36 | $0.19 | ||
| Q3 25 | $0.48 | $0.28 | ||
| Q2 25 | $0.16 | $0.25 | ||
| Q1 25 | $0.45 | — | ||
| Q4 24 | $0.59 | $0.31 | ||
| Q3 24 | $0.54 | $0.32 | ||
| Q2 24 | $0.56 | $0.34 | ||
| Q1 24 | $0.43 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $64.1M | $16.7M |
| Total DebtLower is stronger | $1.2B | $1.8B |
| Stockholders' EquityBook value | $-510.7M | $1.4B |
| Total Assets | $1.1B | $4.3B |
| Debt / EquityLower = less leverage | — | 1.25× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $64.1M | $16.7M | ||
| Q3 25 | $71.8M | $11.0M | ||
| Q2 25 | $43.7M | $7.3M | ||
| Q1 25 | $28.1M | — | ||
| Q4 24 | $49.6M | $15.0M | ||
| Q3 24 | $70.8M | $6.9M | ||
| Q2 24 | $72.6M | $15.8M | ||
| Q1 24 | $79.3M | — |
| Q4 25 | $1.2B | $1.8B | ||
| Q3 25 | $1.1B | $1.7B | ||
| Q2 25 | $1.0B | $1.8B | ||
| Q1 25 | $953.7M | — | ||
| Q4 24 | $833.4M | $1.1B | ||
| Q3 24 | $833.1M | $1.1B | ||
| Q2 24 | $832.7M | $1.0B | ||
| Q1 24 | $832.4M | — |
| Q4 25 | $-510.7M | $1.4B | ||
| Q3 25 | $-453.9M | $1.4B | ||
| Q2 25 | $-309.9M | $1.4B | ||
| Q1 25 | $-254.1M | — | ||
| Q4 24 | $-146.6M | $1.4B | ||
| Q3 24 | $-205.9M | $1.4B | ||
| Q2 24 | $-243.2M | $1.4B | ||
| Q1 24 | $-247.7M | — |
| Q4 25 | $1.1B | $4.3B | ||
| Q3 25 | $941.0M | $4.3B | ||
| Q2 25 | $993.7M | $4.3B | ||
| Q1 25 | $947.5M | — | ||
| Q4 24 | $885.2M | $3.4B | ||
| Q3 24 | $837.0M | $3.4B | ||
| Q2 24 | $804.1M | $3.4B | ||
| Q1 24 | $765.0M | — |
| Q4 25 | — | 1.25× | ||
| Q3 25 | — | 1.23× | ||
| Q2 25 | — | 1.26× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 0.77× | ||
| Q2 24 | — | 0.76× | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-3.1M | $54.4M |
| Free Cash FlowOCF − Capex | $-7.3M | $30.4M |
| FCF MarginFCF / Revenue | -1.4% | 2.5% |
| Capex IntensityCapex / Revenue | 0.8% | 2.0% |
| Cash ConversionOCF / Net Profit | -0.07× | 1.38× |
| TTM Free Cash FlowTrailing 4 quarters | $246.9M | $325.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-3.1M | $54.4M | ||
| Q3 25 | $169.1M | $130.8M | ||
| Q2 25 | $40.3M | $135.6M | ||
| Q1 25 | $48.2M | — | ||
| Q4 24 | $3.0M | $113.9M | ||
| Q3 24 | $40.1M | $63.3M | ||
| Q2 24 | $69.0M | $105.1M | ||
| Q1 24 | $16.3M | — |
| Q4 25 | $-7.3M | $30.4M | ||
| Q3 25 | $168.1M | $100.0M | ||
| Q2 25 | $38.5M | $110.1M | ||
| Q1 25 | $47.6M | — | ||
| Q4 24 | $1.7M | $88.6M | ||
| Q3 24 | $38.9M | $35.4M | ||
| Q2 24 | $68.9M | $71.8M | ||
| Q1 24 | $16.0M | — |
| Q4 25 | -1.4% | 2.5% | ||
| Q3 25 | 25.9% | 8.0% | ||
| Q2 25 | 7.0% | 7.1% | ||
| Q1 25 | 8.1% | — | ||
| Q4 24 | 0.3% | 7.4% | ||
| Q3 24 | 7.0% | 2.9% | ||
| Q2 24 | 13.4% | 4.6% | ||
| Q1 24 | 3.2% | — |
| Q4 25 | 0.8% | 2.0% | ||
| Q3 25 | 0.2% | 2.5% | ||
| Q2 25 | 0.3% | 1.6% | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.2% | 2.1% | ||
| Q3 24 | 0.2% | 2.3% | ||
| Q2 24 | 0.0% | 2.1% | ||
| Q1 24 | 0.1% | — |
| Q4 25 | -0.07× | 1.38× | ||
| Q3 25 | 2.84× | 2.24× | ||
| Q2 25 | 1.92× | 2.56× | ||
| Q1 25 | 0.82× | — | ||
| Q4 24 | 0.04× | 1.75× | ||
| Q3 24 | 0.56× | 0.94× | ||
| Q2 24 | 0.94× | 1.44× | ||
| Q1 24 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BRBR
| Shakesandotherbeverages | $432.4M | 80% |
| Powders | $92.1M | 17% |
| Other Products | $12.8M | 2% |
FLO
Segment breakdown not available.
